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Coca-Cola Co (KO)

KO on New York Consolidated

40.35USD
30 Nov 2016
Change (% chg)

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$40.35
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Volume
15,285
Avg. Vol
12,743,347
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$47.13
52-wk Low
$40.35

Latest Key Developments (Source: Significant Developments)

Dunkin' Donuts to launch ready-to-drink coffee in the U.S. in 2017
Thursday, 29 Sep 2016 12:00pm EDT 

Dunkin' Brands Group Inc: Dunkin' Donuts to launch ready-to-drink coffee in 2017 . Says Coca-Cola Company will manufacture, distribute and sell product . Will launch a line of Dunkin' Donuts branded ready-to-drink (RTD) coffee beverages in United States in early 2017 . Financial terms of agreement were not disclosed .Will equally share with U.S. franchisees its profits from sales of ready-to-drink coffee via outlets outside of restaurants.  Full Article

Coca Cola HBC Lithuania unit to sell 50 pct Neptunas stake to Coca-Cola Co
Friday, 16 Sep 2016 08:42am EDT 

Coca Cola HBC AG : CCHBC Lithuania has entered into a binding agreement for sale of 50 pct of Neptunas' share capital to Coca-Cola Company . Deal is expected to complete in Q4 of 2016 .Says the consideration for transaction is approximately 10 mln euros.  Full Article

Fitch rates Coca-Cola's benchmark Euro notes 'A+'
Tuesday, 30 Aug 2016 01:26pm EDT 

Fitch: Fitch Rates Coca-Cola's benchmark Euro notes 'A+'; Outlook negative .Fitch on Coca-Cola - Negative outlook reflects elevated leverage (on both gross and supplemental net leverage basis) which is high for current ratings.  Full Article

Moody's rates Coca-Cola's new Euro notes at Aa3
Tuesday, 30 Aug 2016 12:41pm EDT 

Moody's: Moody's rates Coca-Cola's new Euro notes at Aa3 .Moody's on Coca-Cola - All other ratings for the company remain unchanged. The outlook is stable.  Full Article

S&P rates Coca-Cola's proposed 5 and 10 year fixed notes 'AA-'
Monday, 29 Aug 2016 01:45pm EDT 

S&P Global Ratings: S&P - The Coca-Cola Co.'s proposed 5 and 10 year fixed notes assigned 'AA-' ratings .S&P - "Forecast Coke's leverage will be modestly higher over next several quarters, then improve once it completes refranchising bottling operations".  Full Article

Moody's rates Coca-Cola's new notes at AA3
Monday, 29 Aug 2016 01:26pm EDT 

Moody's: Moody's rates Coca-Cola's new notes at AA3 .Moody's on Coca-Cola - All other ratings for the company remain unchanged. The outlook is stable.  Full Article

Coca-Cola on conf call- not expecting a material improvement in weak markets in remainder of year
Wednesday, 27 Jul 2016 10:03am EDT 

Coca-Cola Co : Consumer environment weakening in China, wholesalers are adjusting to lower expected sales growth and bringing down inventory levels . Expect China operations to remain under pressure for rest of year . "focusing on better execution particularly in second tier and rural areas in China , upping the game in terms of affordable offerings" . Executive- "believe the Argentinian government is taking the right steps to secure its economic recovery" . On conf call- weakening demand in certain large emerging and developing markets impacted volume in Q2 . On conf call- not expecting a material improvement in conditions in remainder of year . Volume deceleration in Q2 was concentrated in a number of markets with macroeconomic challenges such as China, Argentina, Venezuela . Executive- think challenges in Brazil will continue through remainder of the year Further company coverage: [KO.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Coca-Cola reports Q2 EPS of $0.79
Wednesday, 27 Jul 2016 06:55am EDT 

Coca-Cola Co : Coca-Cola company reports second quarter 2016 results . Full-year comparable currency neutral income before taxes (structurally adjusted) outlook remains 6 pct to 8 pct . Expects full-year comparable EPS to be down 4 pct to 7 pct versus prior year's comparable EPS of $2.00 . Still beverage volume grew 4 pct year to date and 2 pct in the quarter . Q2 NON-GAAP earnings per share $0.60 . Q2 earnings per share $0.79 . Q2 earnings per share view $0.58 -- Thomson Reuters I/B/E/S . Full-year 2016 organic revenues now expected to grow 3 pct . Q2 net operating revenue $11,539 million versus $12,156 million . Qtrly total company organic revenue up 3 percent . Qtrly North America unit case volume up 1 percent . Targeting full-year 2016 net share repurchases of $2.0 to $2.5 billion . For Q3,based on current spot rates, currency to be 2 pt headwind on comparable revenues and 2 to 3 pt headwind on comparable income before taxes . Qtrly total company unit case volume flat versus last year .Net impact of structural items is expected to be a 3 point headwind on comparable income before taxes in Q3.  Full Article

Coca-Cola says bottlers sign new LOI for territories in 2 states
Wednesday, 27 Jul 2016 06:45am EDT 

Coca-Cola Co : Bottlers sign new letters of intent for territories in two states . Financial terms are not being disclosed . Announces continued progress with North American refranchising initiative . National product supply group to add two members, including newly formed regional group that will encompass much of Midwest . Durham Coca-Cola Bottling Company of North Carolina expects to add territory in Sanford, N.C. . Agreements announced are part of a plan to refranchise all of Coca-Cola Company's North American territories by end of 2017 .Coca-Cola Bottling Company of Yakima, Wash, expects to add territory in Moses Lake, Wash.  Full Article

Coca-Cola sets regular quarterly dividend of $0.35 per share
Thursday, 21 Jul 2016 09:55am EDT 

Coca-cola Co :Sets regular quarterly dividend of $0.35 per share.  Full Article

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Swire Pacific in talks to buy Coca-Cola bottling assets in China: Bloomberg

Hong Kong conglomerate Swire Pacific Ltd is in talks to buy Coca-Cola Co's bottling assets in China from Cofco Corp's [CNCOF.UL] China Foods Ltd unit, Bloomberg reported.